Question: Topic: In this module we learned about changes in aggregate demand. Specifically, we learned that changes in spending components (C, I, G, NX) change aggregate

 Topic: In this module we learned about changes in aggregate demand.

Topic: In this module we learned about changes in aggregate demand. Specifically, we learned that changes in spending components (C, I, G, NX) change aggregate demand. Following the theme of COVID-19, explain the impact of COVID on each of the 4 spending components and how that will likely impact overall aggregate demand. Be sure to be specific with each component by looking one or more of the factors that affect each (i.e. consumption is affected by wealth, expectations of future prices, expectations of future income, interest rates, and income taxes)

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